Malaysia named Shaik Abdul Rasheed Abdul Ghaffour as its new central bank governor, tasked with fostering stability and confidence in an economy under pressure from slowing global demand, volatile inflation and a weakened ringgit.
Malaysia’s king approved Abdul Rasheed as the governor from July 1 for a period of five years, Bank Negara Malaysia said Friday. He will replace Nor Shamsiah Mohd Yunus, whose term ends June 30, according to the statement.
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